The global multi-factor authentication (MFA) market was valued at USD 3.60 Billion in 2014 and is expected to reach USD 9.60 Billion by 2020, at an estimated CAGR of 17.7% from 2015 to 2020. The two-factor authentication is most widely used MFA model followed by three-factor authentication model, wherein smartcard with PIN and one time password (OTP) is the most popular technique. Biometric based MFA models are growing at a fast rate. North America and Europe covers most of the market, whereas APAC is the fastest growing region.

The report estimates the two-factor authentication market, forecasts the size of MFA technologies by models, by applications, and by geography from 2015 to 2020. It includes the latest events in the market under winning imperatives and burning issues. The market is further segmented by two-factor authentication, three-factor authentication, four-factor authentication, and five-factor authentication. These models are used in different industries according to the security requirements. The two-factor and three-factor authentication models are further segmented into different types of models. The segmentation of the multi-factor authentication market on the basis of application provides an insight about the various types of applications that are available in the market. This segment includes applications including government, military & defense, healthcare, banking & finance, commercial security, consumer electronics, travel & immigration, and others.

This report also enlists the driving factors, restraints, and opportunities with respect to the Two-Factor Authentication Market , which are helpful in identifying trends and key success factors for the industry. It also profiles companies active in the field of MFA technology. The report provides the competitive landscape of the players, which covers key growth strategies followed by all the major players. It also highlights the winning imperatives and burning issues pertaining to the MFA industry. It analyses the MFA technology market with the help of Porter’s five-force model.

This research report categorizes the global MFA technology, based on types of authentication and applications market; it also covers the forecasted revenue from 2015 to 2020 and future applications of the MFA market. The report describes the applications mapping the Two-Factor Authentication Market with respect to the growth potential and adoption by the users.

On the basis of types of authentication (Model)

The global Two-Factor Authentication Market is categorized into various models such two-factor, three-factor, four-factor, and five-factor authentication.

On the basis of application areas

Application areas of biometric technology have been categorized into government, travel and immigration, defense, banking and finance, healthcare, consumer electronics and commercial security.

On the basis of geography

Geographical analysis covers North America, Europe, Asia-Pacific, and the RoW.

Figure 1 Research DesignFigure 2 Breakdown of Primaries Interviews: By Company Type, Designation, and RegionFigure 3 Increase in Number of Mobile Retail Commerce Buyer, in MillionsFigure 4 Market Size Estimation Methodology: Bottom-Up ApproachFigure 5 Market Size Estimation Methodology: Top-Down ApproachFigure 6 Assumptions for the Research StudyFigure 7 Banking & Finance Application Accounted for the Maximum Share in the Multi-Factor Authentication Market During the Forecast PeriodFigure 8 Market Growth for Three-Factor Authentication Model is Expected to Be Higher Than Two-Factor Authentication Model From 2014 to 2020Figure 9 North America is Expected to Have the Highest Market Share in the Government Application Market for MFA From 2014–2020Figure 10 The APAC Multi-Factor Authentication Market Analysis, By Country, During the Forecast PeriodFigure 11 Increasing Security Threats and Government Regulations Across Countries are the Major Driving Factor for MFA MarketFigure 12 North America is Expected to Grow at the Highest Share During the Forecast PeriodFigure 13 Two-Factor Authentication Models Capture the Lion’s Share in the Emerging Asia-Pacific MarketFigure 14 The APAC Region is Expected to Grow at the Highest Growth Rate Compared to Other Regions By 2020Figure 15 The MFA Market is Currently in the Growth Stage in the APAC and Europe RegionFigure 16 Multi-Factor Authentication Market: SegmentationFigure 17 Two-Factor Authentication Market: By ModelFigure 18 Two-Factor Authentication Market: By ApplicationFigure 19 Multi-Factor Authentication Market: By GeographyFigure 20 Evolution of the Two-Factor Authentication MarketFigure 21 Increasing National and Network Security Threats and Increasing Online Transactions is the Major Driving Factor for the MFA MarketFigure 22 Global Smartphone Shipments, 2010–2014 (Million Units)Figure 23 Global Retail E-Commerce Sales, 2010–2014 (USD Billion)Figure 24 Life Cycle of Two-Factor Authentication Market, By Model, 2014Figure 25 Value Chain Analysis (2014): Major Value is Added During the Assembly and Distribution PhasesFigure 26 The Porter’s Five Forces Analysis (2014):Figure 27 Two-Factor Authentication Market: Porter’s Five Forces Analysis, 2014Figure 28 Intensity of Competitive Rivalry: High Competition in the Market Due to the New Product Launches and InnovationsFigure 29 Threat of Substitutes Would Be Low Due to the New Technology Innovations in the MarketFigure 30 Bargaining Power of Buyers Will Be Medium as the Cost of Switching to New MFA System is HighFigure 31 Bargaining Power of Suppliers: Technological Factors in Multi-Factor Authentication Technology are Expected to Drive the Market for Suppliers During the Forecast PeriodFigure 32 Threat of New Entrants: With Innovative Product Developments New Entrants are Likely to Enter This MarketFigure 33 The Multi-Factor Authentication Market, By ModelFigure 34 Two-Factor Authentication: Largest Market Share in the MFA Market Between 2015 and 2020Figure 35 Smart Card With Pin is Expected to Dominate the Two-Factor Authentication Market During the Forecast PeriodFigure 36 North America is Expected to Have the Largest Market Share for the Two-Factor MFA Market During the Forecast PeriodFigure 37 Pin With Two Biometric Technology is Expected to Grow at the Highest Rate From 2015 to 2020Figure 38 North America is Expected to Have the Largest Market Value in the Three-Factor MFA Market From 2015 to 2020Figure 39 APAC Region is Expected to Grow With A High Growth Rate in the Four-Factor MFA Market From 2015 to 2020Figure 40 North America is Expected to Have the High Market Share in the Five-Factor MFA Market From 2015 to 2020Figure 41 Segmentation of the Two-Factor Authentication Market: By ApplicationFigure 42 Banking & Finance Application is Expected to Have the Highest Market Share From 2015 to 2020Figure 43 Travel & Immigration Application: the APAC Region is Expected to Grow at A High CAGR Between 2015 and 2020Figure 44 Two-Factor E-Security MethodsFigure 45 Attacks Prevented Using Authentication in Homeland SecurityFigure 46 North America is Expected to Lead the Government Application Market in MFA By 2020Figure 47 The RoW Region is Expected to Grow at the Highest Growth Rate in the Government Application in the MFA Market Between 2015 and 2020Figure 48 Asia-Pacific Region is Expected to Grow at the Highest CAGR in Banking & Finance Application From 2015 to 2020Figure 49 Commercial Security Application: the APAC Region to Show A High Growth Rate in MFA Between 2015 and 2020Figure 50 The APAC Region is Expected to Grow at the A Highest Market Value in Consumer Electronics Application for MFA From 2015 to 2020Figure 51 North America Expected to Grow at A High Rate for Healthcare Application in MFA Market By 2020Figure 52 North America is Expected to Lead the Other Applications in the MFA Market By 2020Figure 53 Two-Factor Authentication Market, By GeographyFigure 54 Geographic Snapshot- RoW Region is Estimated to Register the Highest Growth Rate During the Forecast PeriodFigure 55 The U.S. is Estimated to Dominate the MFA Market Between 2015 and 2020Figure 56 Segmentation: North AmericaFigure 57 The North American Market Snapshot: The Market is Expected to Be Driven By the Growing Demand From Banking & Finance Application During the Forecast PeriodFigure 58 Segmentation: EuropeFigure 59 Europe Market Snapshot: The Demand for MFA Would Be Driven From the Banking & Finance Application During the Forecast PeriodFigure 60 Segmentation: Asia-PacificFigure 61 APAC Market Snapshot: The Demand Would Be Driven By the Presence of Major Players in the Region and Growing Regional EconomyFigure 62 Segmentation: Rest of the WorldFigure 63 RoW Market Snapshot: The Demand Would Be Driven By the Developing Economies and Growing Infrastructure of the RegionFigure 64 Key Growth Strategies Adopted By Top Companies Between 2012 and 2015Figure 65 Market Evaluation Framework-New Product Launches Fuelled Growth and Innovation in 2013 and 2014Figure 66 Battle for Market Share: New Product Launches Was the Key StrategyFigure 67 Geographic Revenue Mix of Major Market PlayersFigure 68 Safran SA: Company SnapshotFigure 69 Safran SA : SWOT AnalysisFigure 70 NEC Corporation: Company SnapshotFigure 71 NEC Corporation : SWOT AnalysisFigure 72 3M: Company SnapshotFigure 73 3M : SWOT AnalysisFigure 74 Gemalto NV: Company SnapshotFigure 75 Gemalto NV : SWOT AnalystFigure 76 RSA Security Llc. : SWOT AnalysisFigure 77 CA Technologies: Company SnapshotFigure 78 Fujitsu Ltd.: Company SnapshotFigure 79 Suprema, Inc.: Company SnapshotFigure 80 Vasco Data Security International, Inc.: Company Snapshot

This report on the multi-factor authentication market is aimed towards analyzing the major application segments such as government, defense, travel and immigration, banking and finance, consumer electronics, commercial security and healthcare. The most common application areas in the field of multi-factor authentication are banking & finance, government, and defense.

Multi-factor authentication can be described as authenticating a person on the basis of factors provided by that person. The factors can be classified under three broad categories: “Something you have”, “Something you know”, and “Something you are”. These three factors can be hardware tokens, PIN, passwords, biological traits, and so on. Another type of authenticating factor is OTP (One Time Password), which is gaining popularity in Europe and North America. Multi-factor authentication (MFA) provides a high degree of security, which ensures confidentiality of personal information. This is superior to traditional one-factor username and passwords/PINs as these are easily guessed, and forgotten.

This report describes the market trends, drivers, and challenges of multi-factor authentication market and forecasts the two-factor authentication market from 2013 to 2020, based on applications of the multi-factor authentication and geography. It covers regions such as North America, Europe, APAC, and the RoW (Rest of the World).

The global multi-factor authentication (MFA) market was valued at USD 3.60 Billion in 2014 and is expected to reach USD 9.60 Billion by 2020, at an estimated CAGR of 17.7% from 2015 to 2020.

In the past few years, MFA technologies have made their way across various applications such as travel, immigration and transportation, government, banking & finance, consumer electronics, healthcare, commercial security, and other applications. ”MFA technologies” work on the principle of identifying an individual by the information provided and/or their physical and behavioral traits (biometrics). The growth of this market can be attributed to factors such as increasing online transactions, increasing national and network security threats, and the increasing government expenditure on national security. The major companies involved in multi-factor authentication market are 3M (U.S.), RSA Security, LLC (U.S.), Vasco Data Security (U.S.), Gemalto NV (Netherlands), Safran SA (France), Fujitsu, Ltd. (Japan), CA Technologies (U.S.), NEC Corporation (Japan), HID Global (U.S.), and Cross Match Technologies (U.S.) among others.

In two-factor authentication market, two-factor authentications contribute for the largest percentage share, whereas banking & finance is the major application; followed by government and defense. In the geographic analysis, North America is the market leader followed by the European and APAC regions.

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